Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Hancock Holding Company (NASDAQ:HBHC) by 0.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,335 shares of the financial services provider’s stock after buying an additional 27 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Hancock Holding were worth $604,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of HBHC. BlackRock Inc. raised its holdings in shares of Hancock Holding by 18,052.0% in the 1st quarter. BlackRock Inc. now owns 9,069,853 shares of the financial services provider’s stock worth $413,132,000 after buying an additional 9,019,887 shares in the last quarter. State Street Corp raised its holdings in shares of Hancock Holding by 27.6% in the 1st quarter. State Street Corp now owns 5,110,898 shares of the financial services provider’s stock worth $232,799,000 after buying an additional 1,103,976 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Hancock Holding by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 7,229,758 shares of the financial services provider’s stock worth $329,316,000 after buying an additional 544,041 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of Hancock Holding by 394.1% in the 1st quarter. Teachers Advisors LLC now owns 641,420 shares of the financial services provider’s stock worth $29,217,000 after buying an additional 511,593 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Hancock Holding by 41.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,532,140 shares of the financial services provider’s stock worth $69,789,000 after buying an additional 450,787 shares in the last quarter. 76.98% of the stock is owned by institutional investors and hedge funds.

Shares of Hancock Holding Company (HBHC) opened at 44.85 on Tuesday. Hancock Holding Company has a 12-month low of $31.16 and a 12-month high of $52.94. The company’s 50-day moving average price is $44.10 and its 200-day moving average price is $46.30. The firm has a market capitalization of $3.80 billion, a PE ratio of 18.72 and a beta of 0.87.

Hancock Holding (NASDAQ:HBHC) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.68 EPS for the quarter, meeting the consensus estimate of $0.68. Hancock Holding had a net margin of 18.91% and a return on equity of 7.85%. The business had revenue of $267.20 million during the quarter, compared to the consensus estimate of $265.03 million. During the same period in the previous year, the business earned $0.59 earnings per share. Analysts anticipate that Hancock Holding Company will post $2.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.96 annualized dividend and a yield of 2.14%. Hancock Holding’s dividend payout ratio is currently 40.00%.

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In other Hancock Holding news, CEO John M. Hairston sold 12,240 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $46.60, for a total transaction of $570,384.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Cecil W. Knight, Jr. acquired 2,000 shares of the stock in a transaction on Thursday, September 7th. The shares were purchased at an average price of $41.40 per share, with a total value of $82,800.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 17,909 shares of company stock valued at $827,307. Company insiders own 1.15% of the company’s stock.

A number of equities research analysts recently weighed in on HBHC shares. BidaskClub cut Hancock Holding from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Zacks Investment Research raised Hancock Holding from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Tuesday, July 18th. ValuEngine raised Hancock Holding from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods raised Hancock Holding from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a report on Monday, August 21st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $51.00 price target on shares of Hancock Holding in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.03.

Hancock Holding Company Profile

Hancock Holding Company is a financial services company that provides a network of service financial choices to the Gulf South region, through its bank subsidiary, Whitney Bank (the Bank), a Mississippi state bank. The Company operates through overall banking operations segment. The Bank operates under brands, such as Hancock Bank in Mississippi, Alabama and Florida, and Whitney Bank in Louisiana and Texas.

Institutional Ownership by Quarter for Hancock Holding (NASDAQ:HBHC)

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